After years of what I would consider a mediocre overall economy, I have to ask: when are we going to see meaningful growth, if ever? This is killing the middle class. So, what can be done? I make a pretty fair number of economic presentations, and always tell audiences to expect subpar economic growth for the foreseeable future. That sounds more complicated than it actually is, because I am being necessarily vague. After all, while...

This morning, I saw a headline which used the word surreal to describe the US economy. According to Merriam-Webster, the definition of surreal is: “marked by the intense irrational reality of a dream; unbelievable, fantastic.” This is apt. When I pour through the data and look at trends, I keep coming back to a modestly growing economy that is vulnerable to external shocks. In other words, yes, the economy is growing at a mediocre, but...